Trauma & TPD Insurance
Trauma and TPD insurance package can be tailored to:
- Help with medical bills and rehabilitation
- Pay for debts such as mortgage, loans and credit cards
- Cover education costs
- Finance home care or guardian
It can be personalised to meet your particular situation and enhance any life insurance cover or income protection plan.
In Australia, there are 4 types of total and permanent disability insurance.
- Any occupation – for cases that the insured is unable to work for his remaining lifetime in his profession, business or similar occupation that they qualify based on education, training and experience.
- Own occupation – for cases that the insured cannot work in their own occupation for his remaining lifetime.
- Home duties – for cases where the insured cannot engage in domestic tasks for 3 months or more. This TPD insurance type requires thorough processing where medical evidence has to identify the level of incapacity.
- Modified – for cases when the insured is totally incapable of performing without physical assistance from another person or has cognitive impairment that demands constant monitoring and supervision and has been disabled for 3 preceding months and will remain disabled for the rest of his life.
TPD Trauma insurance is an additional policy to life insurance or income protection cover. The most significant difference is that TPD insurance provides a lump sum benefit at a critical time of your life to help with recovery or adjustments due to disability or trauma.
The insured can also use a super to pay for TPD premiums. Outside of super, TPD insurance premiums are usually not tax deductible although any lump sum benefit from a TPD insurance claim is usually tax-free.
Make sure you are protected with TPD Trauma insurance. Contact us at Truck Insurance HQ for free and affordable quotes and ensure you are financially secure against total and permanent disability or trauma. Go online to request a quote or call our office on 1300 815 344 today.
Blog Feed
Front End Loader Insurance to Protect Your Equipment and Business
Operating heavy earth-moving equipment, such as a front-end loader or wheel loader, is fraught with potential risks. To mitigate these risks and protect your operations, securing the right insurance coverage is paramount. In this article, we will delve into the...
Exploring the World of Australian Road Trains
Australia, with its vast and often rugged landscapes, presents unique challenges for transportation. In response to these challenges, the country has embraced a remarkable and distinct form of heavy-duty transportation - the road train. In this article, we'll delve...
Top 5 Tips For Quad Road Train Drivers In Heavy Traffic
Heavy traffic is a problem that drivers face daily, regardless of whether you drive your car or are appointed to drive the heavy-duty quad road train for a long-distance journey. If at all costs, you don’t want to be affected by a heavy traffic jam, follow these safe...